Crude oil prices are higher this morning, despite tepid PMI manufacturing data out of China and Europe. The Houston Ship Channel remains closed, after a barge collision caused a fuel spill of some magnitude. The closure could persist all week, so it may prove supportive for prices, as crude oil deliveries will be hampered. Some 10 percent of the nation’s refining capacity is located at the channel.
Energy Overview — TotalView™ of the Energy Markets